Imports to Nigeria fell 7.3 percent year-on-year to NGN 1834 billion in March of 2022, mainly due to lower purchases of energy products (-97.5 percent). Among major import partners, purchases decreased mostly from Asia (-16.2 percent), namely India (-22.1 percent) and Europe (-10.9 percent), of which Spain (-73 percent), the Netherlands (-57 percent) and Italy (-44 percent). source: National Bureau of Statistics, Nigeria

Imports in Nigeria averaged 306996.33 NGN Millions from 1981 until 2021, reaching an all time high of 2518686.57 NGN Millions in October of 2019 and a record low of 167.88 NGN Millions in May of 1984. This page provides - Nigeria Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news. Nigeria Imports - data, historical chart, forecasts and calendar of releases - was last updated on August of 2022.

Imports in Nigeria is expected to be 2000000.00 NGN Millions by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Imports is projected to trend around 1850000.00 NGN Millions in 2023 and 1930000.00 NGN Millions in 2024, according to our econometric models.

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Nigeria Imports

Related Last Previous Unit Reference
Balance of Trade 971382.29 42986.97 NGN Millions Mar 2022
Imports 1834067.40 2052525.60 NGN Millions Mar 2022
Exports 2805449.70 2095512.60 NGN Millions Mar 2022
Terms of Trade 102.09 102.51 points Dec 2021
Oil Exports 2209623.00 1671939.16 NGN Million Mar 2022
Non Oil Exports 595826.73 423573.44 NGN Million Mar 2022

Nigeria Imports
Nigeria imports mainly: industrial supplies (27% of total in 2014), capital goods (23%), food and beverage (17%), fuel and lubricants (14%), transport equipment and parts (12%) and consumer goods (7%). 43% of total imports come from Asia; 34% from Europe; 15% from America and 7% from Africa.
Actual Previous Highest Lowest Dates Unit Frequency
1834067.40 2052525.60 2518686.57 167.88 1981 - 2022 NGN Millions Monthly

United Nations Comtrade Database
Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category